EXPANDED SURE AID AND RECOVERY PROJECT
SURE COVID-19
Offers working capital loans to agri-fishery Micro and Small Enterprises
(MSEs) and emergency and production requirements assistance to Marginalized Small Farmers and Fishers (MSFF) continue to operations amid the enhanced community quarantine. The financing program was designed in support of the Department of Agriculture’s (DA) “Ahon La hat, Pagkaing Sapat (ALPAS) Kontra COVID-19” or Plant, Plant, Plant Program, which aims to increase farm productivity and ensure food sufficiency during the COVID-19 emergency situation.
FOR AGRI-FISHERY-BASED MICRO AND SMALL ENTERPRISES (MSEs)
Loan purpose
Offers working capital loans to agri-fishery Micro and Small Enterprises (MSEs) to continue operations and ensure the availability of food supply amid the community quarantine.
Who can avail
Agri-fishery based micro and small
enterprises (MSEs)
May be a single proprietorship,
partnership, corporation or
cooperative/association
Loan details
Up to Php 10 million for working capital
Five (5) years to pay
Zero-interest
lending conduit may charge service fees
Requirements
a. Letter of Intent with project
description;
b. Registration documents;
c. Financial Statement
d. Endorsement from DA
Must be:
a. Duly registered with CDA/SEC/DOLE and other government registering institutions;
b. Operational for at least one year;
c. With proven management capacity to implement project;
d. With readily available agri-fishery produce/ products/ commodities from farmers/fisherfolk
FOR SMALL FARMERS AND FISHERFOLK (SFF)
Loan purpose
Offers emergency and production requirements to Marginalized Small Farmers and Fishers (MSFF) whose incomes were affected by the community quarantine.
Who can avail
Small Farmers and Fisherfolk (SFF) affected by the community quarantine due to COVID-19
Registered/ enrolled in the Registry System for Basic Sectors in Agriculture (RSBSA).
Those not yet included in the RSBSA may register through their Municipal Agriculture Office (MAO).
Included in the validated list as certified and endorsed by the MAO.
Loan details
Php 25,000 per household
Payable up to ten (10) years
Zero-interest, no collateral
lending conduit may charge a service of up to 3% per transaction
Requirements
a. One (1) government-issued ID with picture
b. One (1) 1x1 photo
c. Loan Application Form and Promissory Note
*Only those in the MAO and DA-RFO certified list of eligible borrowers will need to comply with the documentary requirements